New Option for Compliant, Timely and Accurate Flood Determinations
Wolters Kluwer Financial Services today announced its Flood Determination Solutions have been added to the Calyx Network®. The new option provides efficient, timely flood determinations, allowing lenders to keep their momentum during the loan process, and provides a customer service experience that is more than just support.
Calyx loan origination platform Point versions 7.5 and higher will feature the new Flood Determination Solution, and it has been integrated into the August update. In addition to compliant flood determinations, flood-focused professional services are also available to help educate and provide timely assistance when customers need it most.
Calyx Software® is a provider of mortgage loan marketing, originating and processing software. The Calyx Network allows users of Point to connect directly with lenders and mortgage service providers, automating data exchange and streamlining the mortgage loan origination process all within the Point software.
“Wolters Kluwer Financial Services brings over 60 years of experience delivering compliance expertise to the mortgage industry and a track record of providing timely, accurate and compliant flood determinations in the marketplace,” said Art Tyszka, senior director and general manager of Residential Lending at Wolters Kluwer Financial Services. “We are excited to meet the flood determination needs of the lenders who use Calyx as their preferred loan origination platform for mortgages.”
Wolters Kluwer Financial Services’ Residential Lending business develops compliance management solutions that leverage comprehensive regulatory and risk management content to help banks, credit unions and mortgage lenders originate mortgage transactions quickly, accurately and in compliance with federal and state regulations. The company’s compliance documentation, software and services help mitigate risk and ensure new laws and regulations are embedded within their mortgage business operations. Other prominent brands from Wolters Kluwer Financial Services include Expere®, VMP® Mortgage Solutions, SDX Secure Document Exchange, and CompliSource.